Flagship Harbor Advisors LLC raised its position in Home Depot, Inc. (The) (NYSE:HD) by 20.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,763 shares of the home improvement retailer’s stock after buying an additional 2,372 shares during the period. Flagship Harbor Advisors LLC’s holdings in Home Depot, Inc. (The) were worth $2,021,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Miles Capital Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $242,000. Putnam Investments LLC raised its stake in shares of Home Depot, Inc. (The) by 12.8% in the fourth quarter. Putnam Investments LLC now owns 2,596,938 shares of the home improvement retailer’s stock worth $348,197,000 after buying an additional 295,244 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $131,000. Jarislowsky Fraser Ltd raised its stake in shares of Home Depot, Inc. (The) by 56.8% in the fourth quarter. Jarislowsky Fraser Ltd now owns 168,965 shares of the home improvement retailer’s stock worth $22,654,000 after buying an additional 61,213 shares during the last quarter. Finally, Numeric Investors LLC raised its stake in shares of Home Depot, Inc. (The) by 102.1% in the fourth quarter. Numeric Investors LLC now owns 175,200 shares of the home improvement retailer’s stock worth $23,491,000 after buying an additional 88,500 shares during the last quarter. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot, Inc. (NYSE:HD) traded up 0.65% during midday trading on Friday, reaching $154.88. The company’s stock had a trading volume of 3,650,541 shares. The stock has a 50 day moving average of $151.33 and a 200 day moving average of $149.61. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The firm has a market capitalization of $185.17 billion, a PE ratio of 23.18 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Home Depot, Inc. will post $7.25 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on HD. Vetr lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target on the stock. in a research note on Monday, June 19th. Robert W. Baird set a $175.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. BMO Capital Markets set a $176.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Stifel Nicolaus reissued a “buy” rating and issued a $178.00 price target (up from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $175.00 price target (up from $154.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $164.72.

In other Home Depot, Inc. (The) news, Director Wayne M. Hewett bought 350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the purchase, the director now directly owns 1,400 shares in the company, valued at $219,954. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig A. Menear sold 90,661 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the sale, the chief executive officer now owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,900 shares of company stock valued at $20,167,386. 0.26% of the stock is owned by corporate insiders.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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